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Noble shares up as it confirms sale of 49% stake in agri unit to Cofco

"After completion of this transaction, Noble Group's financial metrics will be well in excess of those required of an investment grade credit," says Noble Group.

PHOTO: REUTERS

Singapore

SHARES in Noble Group rose 4.5 per cent on Tuesday to 46 Singapore cents after the commodity trader confirmed that it was selling its remaining 49 per cent stake in its agriculture unit to China's state-owned grain trader Cofco, potentially freeing it from the threat of a